diff --git a/tax_microdata_benchmarking/examination/results3.md b/tax_microdata_benchmarking/examination/results3.md index 76df6897..cdc7bded 100644 --- a/tax_microdata_benchmarking/examination/results3.md +++ b/tax_microdata_benchmarking/examination/results3.md @@ -127,7 +127,7 @@ participation assumptions are discussed below the following tables.
-** Implication of Differing Credit Participation Assumptions** +**Implication of Differing Credit Participation Assumptions** Tax-Calculator assumes that everyone eligible for a credit claims it, while the JCT (and presumably TSY) assumes that some who are eligible @@ -158,15 +158,16 @@ above the JCT estimates. The following calculations, which arbitrarily assume a 90% dollar participation rate, illustrate how the differing 2023 estimates are not as far apart as they seem. +
-**CY2023 CTC and EITC Tax Expenditures ** ($ billion)
+**CY2023 CTC and EITC Tax Expenditures** ($ billion)
| CY23 Amount | Estimate Source | -| ---: | :--- | +| ---: | :--- | | 122.1 | CTC JCT (assumes less than 100% participation) | | 132.2 | CTC Tax-Calculator + phase 3 dataset (100% participation) | | 119.0 | CTC Tax-Calculator + phase 3 dataset (90% participation) | | | | -| 71.9 } EITC JCT (assumes less than 100% participation) | +| 71.9 | EITC JCT (assumes less than 100% participation) | | 78.6 | EITC Tax-Calculator + phase 3 dataset (100% participation) | | 70.7 | EITC Tax-Calculator + phase 3 dataset (90% participation) |